All you need to know about Institutional and B2B Forex. How to start your own Forex Brokerage, how the biggest FX Brokers do the business, AML and KYC procedures, managing your IB and Affiliate Partners and much more!

HOW TO START YOUR OWN FOREX BROKER COMPANY

Everyone is thinking about how to become another millionaire forex trader, but have you ever imagined owning your own brokerage company with which millions of traders around the world would trade? If so, this is the perfect article for you since it will guide you with simple and easy steps to build your own forex broker from scratch.

SECRETS OF THE WORLD'S BIGGEST FOREX BROKERS

Professional traders always trade with the most reputed brokers to ensure their funds are in safe hands. And this is an opportunity for you if you are going to be a fair and professional forex broker! But how do you start? How can you beat the most famous brokers and what are they key secrets of the world’s biggest broker? You will be surprised to know the key secrets of reputed brokers after reading this article.

PROMOTION OF THE WORLD'S SUCCESSFUL FOREX BROKERS

Due to the extreme level of demand from retail traders, many brokers have been established in the past years to provide forex trading services to their clients. In the world of economic competition, the big leaders in the forex industry are continuously working hard to promote their service to drive more sales. We are going to discuss here some amazing steps that most professional brokers follow in their marketing campaigns.

HOW TO CHOOSE A REGULATORY ENTITY FOR YOUR FOREX BROKER COMPANY

If you decided to provide forex brokerage services, in order to build a strong client base, you need to be regulated. Statistics suggest that traders feel more comfortable in trading with regulated brokers since they know they have to maintain a minimum benchmark in this industry. Read more right here about why to get regulated and how to get trusted.

CO-LOCATION FOR FOREX BROKERS EXPLAINED

Since the currency pairs are traded on an online trading platform, the orders are executed electronically and online. This is when the term ‘co–location’ comes in action. If you have been in the forex market for a long period of time, you have likely noticed that many times the orders of forex traders are not filled at the best possible price (slippage) and traders often get requotes or errors from the server end. In a fast-paced market like forex, this can be extremely dangerous as a single millisecond delay might cost a trader heavily. Read more right here about how to solve this threat!

WHAT IS EQUINIX: AGGREGATORS AND BRIDGES EXPLAINED

Currency traders might be trading from any part of the world. When they place their trades in the market they are actually transmitting electrical impulses to their brokers’ servers to execute the trade. But what if the server of the broker is located far away from the trader? In such circumstances, the trader will have to face huge latency which will ultimately result in poor trade execution. Of course, this can decrease the satisfaction of your clients significantly. In order to avoid such conflicts reputed brokers use Equinix, which allows them to co-locate their data center for better trade execution.

CRM AND BACK OFFICE FOR FOREX BROKERS

In order to run your forex brokerage business successfully, there are two major elements that you need to take care of. 1. CRM, often known as Customer Relationship Management. 2. Back office. The customers’ satisfaction is highly dependent on the above two factors, and these are the factors that can decide whether your visitors will become long-term customers. The reason is that the standard of a company can easily be gauged by assessing the quality of the CRM.

HOW TO CREATE A SUCCESSFUL CLIENT ZONE FOR YOUR FOREX BROKER COMPANY

Opening a forex brokerage company is relatively easy, but making it a successful business is extremely difficult. Of course, since it’s an international market you can have clients from all over the world. In order to increase your business profit, you need to satisfy every single client around the globe without any delay. For this very reason, you need to create an intuitive and effective client zone to ensure your business can operate in a smooth manner.

AML AND KYC PROCEDURE WHEN BUILDING A FOREX BROKER COMPANY

In the past setting up a brokerage firm was extremely difficult, but due to the recent advancements in technology, normal people like us can also set up a financial service firm like an online forex broker for a quite affordable amount of money. However, when you set your own brokerage firm there are certain things that you need to take care of before getting fully invested. Though there are many important things, here we will discuss the AML and KYC policy.

FINANCIAL ISSUES WHEN STARTING YOUR FOREX BROKERAGE

When it comes to opening your own brokerage there are certain issues; among such issues a very important one you should consider is the financial issue. Not only when opening a brokerage, but practically anything you do in your life has a major impact on finance, so understand that you should not take it lightly. Before you start anything where you don't have much experience, it's usually wise to get advice from experts in the field. So, in this article we will discuss the finance topic so that you will get a clearer view.

CHOOSING A TRADING PLATFORM FOR YOUR FOREX BROKERAGE FIRM

Actually, the only need of every trader is the best platform and trading environment that gives them the best trading experience. The trading platform you offer should be something like ‘everything under one roof’ so the clients can't feel dissatisfied and they will not switch to other, better brokerage firms. For you, as a person who is running a brokerage, it is extremely important to have the best trading platform. In this article, we will describe the important things you should consider when choosing the trading platform for your brokerage firm.

MANAGING YOUR FOREX IBS AND AFFILIATE PARTNERS

How can you manage the forex IBs and affiliate partners? How do the brokers become recognized within a short time period by their potential partners? What is the easiest way to generate leads to the firm? If you are wondering how to increase clients coming to your new forex brokerage firm, then making contracts with interesting affiliate partners is one of the best ways.

THE ANATOMY OF A SUCCESSFUL FOREX SALES AGENT

In a challenging market like forex it’s hard for the new traders and investors to get comfortable - they will definitely get lost in hundreds of offers of various forex brokers. So, in such case the sales agents will come to their rescue and should show them the advantages of your brokerage firm and slowly create long-term satisfied clients for them. Let’s check out the things that make a forex sales agent successful and beneficial to your company.

MYTHS ABOUT OWNING A FOREX BROKERAGE COMPANY

Who says it’s impossible to own a forex brokerage? Actually, in this world, there’s nothing that’s ‘impossible’ - if you want it, you just have to try. If you try hard you will be able to achieve it. Even if you have no idea about how to start a forex brokerage company, you should not think that it’s impossible to do. If you have no idea about it, you need to seek for knowledge - you need to find about it, you need to learn about it. The more you learn, the more you get to know. We will mention here a few myths that are considered true by most forex brokers.

High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

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